Listed by Coldwell Banker Bain, Bought with Coldwell Banker Bain
NOT LISTED FOR SALE

4500 W Mercer Way Mercer Island, WA 98040

Forest Avenue Neighborhood

Estimated Value: $2,070,000 - $2,888,000

5 Beds
4 Baths
3,810 Sq Ft
$678/Sq Ft Est. Value

Last Sold September 29, 2014

Last sale price $1,100,000 $289 Per Sq Ft

Est. 135% increase in value since last sale

Current estimated payment $14,841/month

5 Days on Market

About This Home

As of September 2014

Shy 1/2 acre of Westside, mid-island view property with spacious 5BR/3.5BA Northwest home! Features vaulted living rm with window walls, dining rm opening to bkyd deck, cook's kitchen w/lg eating area + eating bar, granite counters, gas cooking & dbl ovens. Upper level master suite has large en suite bath & view deck plus wonderful open room for office/den. Fabulous rec rm opens onto tiered decks. Lower BR perfect for nanny, guests or extended stays. Includes 2-car gar, utility, hdwd & skylts.

Last Agent to Sell the Property

Molly Penny

Coldwell Banker Bain License #38547 Listed on: 07/29/2014

Coldwell Banker Bain

Co-Listed By

Katie Penny Shea

Coldwell Banker Bain License #89745

Last Buyer's Agent

Maureen Khan

Coldwell Banker Bain License #80684

Coldwell Banker Bain

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: NWM671992

Northwest Multiple Listing Service (NWMLS)

Property Details

Home Type

Other

Est. Annual Taxes

$14,494

Year Built

1979

Lot Details

0

Listing Details

  • Sq Ft Finished: 3810
  • Form 17: Provided
  • Special Features: None
  • Year Built: 1979

Interior Features

  • Appliances: Dishwasher, Double Oven, Dryer, Microwave, Range/Oven, Refrigerator, Trash Compactor, Washer
  • Fireplaces: 2
  • Basement: Daylight, Fully Finished
  • Features: Wet Bar, Bath Off Master, Ceiling Fan(s), Double Pane/Storm Window, Dining Room, High Tech Cabling, Loft, Security System, Skylights, Vaulted Ceilings, Walk-in Closet
  • Fireplaces: 2
  • Floor: Ceramic Tile, Hardwood, Vinyl, Wall to Wall Carpet
  • Water Heater Location: Garage-Gas

Exterior Features

  • Roof: Composition
  • Exterior: Wood
  • Lot Details: Paved Street
  • Roof: Composition
  • Site Features: Cable TV, Deck, Partial Fence, Natural Gas Available, High Speed Internet
  • View: Lake, Mountain, Partial
  • Lot Topography: Fruit Trees, Sloped, Terraces

Garage/Parking

  • Parking Type: Garage-Attached
  • Total Covered Spaces: 2

Utilities

  • Cooling: Forced Air
  • Heating: Forced Air
  • Appliances: Dishwasher, Double Oven, Dryer, Microwave, Range/Oven, Refrigerator, Trash Compactor, Washer
  • Heating and Cooling: Forced Air
  • Power Company: PSE
  • Sewer: Available
  • Sewer Company: City of MI
  • Water Company: City of MI
  • Water Source: Public

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 29, 2014
Closed on
Sep 24, 2014
Sold by
Burstein Paul and Burstein Florence Katz
Bought by
Wei Meng Hua and Chandrakant Gaurang
Seller's Agent
Molly Penny
Coldwell Banker Bain
Buyer's Agent
Maureen Khan
Coldwell Banker Bain
List Price
$1,175,000
Sold Price
$1,100,000
Premium/Discount to List
-$75,000
-6.38%
Current Estimated Value
$2,581,476

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$1,481,476
Avg. Annual Appreciation
7.94%
Original Mortgage
$770,000
Outstanding Balance
$588,395
Interest Rate
4.09%
Mortgage Type
New Conventional
Estimated Equity
$1,993,081

Purchase Details

Closed on
May 1, 1996
Sold by
Zhang Jin
Bought by
Burstein Paul and Burstein Florence Katz

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$100,000
Interest Rate
7.17%

Purchase Details

Closed on
Mar 23, 1992
Sold by
Sanson David L and Sanson Shirley L
Bought by
Zhang Jin
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
Not Available
List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Wei Meng Hua $1,100,000 Chicago Title
Burstein Paul $506,000 Transnation Title Insurance
Zhang Jin $525,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Wei Meng Hua $770,000
Previous Owner Burstein Paul $100,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
09/29/2014 09/29/14 Sold $1,100,000 -6.4% $289 / Sq Ft
08/04/2014 08/04/14 Pending -- -- --
07/29/2014 07/29/14 For Sale $1,175,000 -- $308 / Sq Ft
Source: Northwest Multiple Listing Service (NWMLS)

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2024 $14,494 $2,212,000 $1,521,000 $691,000
2023 $14,584 $2,117,000 $1,435,000 $682,000
2022 $13,042 $2,368,000 $1,615,000 $753,000
2021 $13,071 $1,770,000 $1,330,000 $440,000
2020 $13,128 $1,632,000 $1,267,000 $365,000
2018 $12,733 $1,626,000 $1,071,000 $555,000
2017 $10,757 $1,467,000 $969,000 $498,000
2016 $9,877 $1,321,000 $886,000 $435,000
2015 $9,523 $1,181,000 $802,000 $379,000
2014 -- $1,088,000 $742,000 $346,000
2013 -- $953,000 $642,000 $311,000
Source: Public Records

Agents Affiliated with this Home

  • M

    Seller's Agent in 2014

    Molly Penny

    Coldwell Banker Bain

    Section Image
  • Katie Penny Shea

    Seller Co-Listing Agent in 2014

    Katie Penny Shea

    Coldwell Banker Bain

    (206) 755-5051

    3 in this area

    64 Total Sales

    Katie Penny Shea
    Section Image
  • Maureen Khan

    Buyer's Agent in 2014

    Maureen Khan

    Coldwell Banker Bain

    (206) 769-4989

    48 Total Sales

    Maureen Khan
    Section Image
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Map

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: NWM671992

Northwest Multiple Listing Service (NWMLS)

APN: 770010-0055

Washington King County Mercer Island 98040 Forest Avenue

4500 W Mercer Way, Mercer Island, WA

Not Listed for Sale

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Based on information submitted to the MLS GRID

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